I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
ALAN GREENSPANAnd she always has so much fun doing it. We make a good team.
More Alan Greenspan Quotes
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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There is no evidence that the business cycle has been repealed.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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There are no easy choices. Easy choices are long gone.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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If I’ve made myself clear, I’ve misspoken.
ALAN GREENSPAN